Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products worldwide. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses.

Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems.

Please take a look at the one-year chart of Candian Solar below with added notations:

At this point, Canadian Solar's uptrend remains intact. The first sign of trouble for the stock would be on a break of the highlighted trendline support.

Confirmation of the broken trend would be if the stock also broke what has been a great area of support at around $35. However, judging from where the stock currently sits, traders looking to buy might find now to be a good time.